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Thursday, 17 December 2015

Quote of the Day: On the #ParisAgreement

"The agreement itself was masterminded by President Obama.
Knowing that the US Congress would never accept a treaty he also recognised
the potency of more generalised agreements disciplined by world public
opinion…. Obama forged the folksy narrative of attributing localised
drought, forest fires and glacier retreats to a generalised global warming
when the facts are that there is no change in global precipitation, no
change in global temperatures and no general reduction in ice…. In
meeting their obligations western nations will incur costs… In addition,
subsidies to innovators and overseas aid will be distorted towards even less
productive venues…. [Western nations] face lower growth from the
agreement and losses of low-cost industries. This begs the question of why
politicians here and in other nations are embarking on policies of economic
self-harm.”~ Alan Moran, writing in the AFR on
‘Greenhouse policy after Paris: marching to
penury’

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